Author Archive

Sales of Homes for Investment Purposes On the Decline

As reported in the August 2014 REALTORS® Confidence Index Report, sales to investors fell to 12 percent of home sales in August, from the average of about 18-20 percent in 2010-2013. One reason for the decline is that as...

Unemployment Insurance Claims Below 300K Benchmark for Week of Sept 20

Initial claims for unemployment insurance filed in the week ended September 20 increased slightly to 293,000. The increase of 12,000 can be considered as normal volatility and does not fully wipe out the gains of the previous week, when...

Corporations/Partnerships Account for 17 Percent of Recent Land Purchases

Corporations/partnerships accounted for approximately 17 percent of land purchases in the past 12 months ending June 2014, according to information gathered from a NAR-REALTORS® Land Institute Survey, conducted in July 2014. About two-thirds of land purchases by corporations/partnerships were...

Unemployment Insurance Claims Average 302,000 in August 2014

Two pieces of job-related data released today for the month of August indicate that the job market continues to improve solidly: the normal level of unemployment insurance claims and solid creation in payroll jobs. First, initial claims for unemployment...

REALTORS® Expect Modest Price Growth in Next 12 Months

REALTORS® expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.4 percent [1]. The expected price change is modest compared to the strong price growth in 2012-2013. Local conditions vary,...